Highland Financial Holdings, a boutique structured finance investment shop and hedge fund manager, today announced that it has hired Richard T. Sauerwein as a vice president with responsibilities in credit risk products and risk management.
Sauerwein, who joins Highland from Stonehenge Financial Partners, will help the firm expand into more credit-sensitive products. Prior to Stonehenge, Sauerwein had worked at Financial Security Assurance and Standard & Poor’s.
Highland has approximately $550 million under management. The firm currently invests in short duration, high-grade mortgage and asset-backed securities.
Highland Financial Holdings is not affiliated Highland Capital Management, well known in the ABS as a frequent issuer of collateralized debt obligations.